After teetering on support for nearly a year, gold looks to be on the move, jumping almost $100.00, from $1580.00 per ounce to $1670.00 per ounce, in just under 30 days. The commodity has also broken above its 200-day simple moving average (SMA), something it hasn't done since January.
Not surprisingly, many gold related stocks have turned sharply upward as well; Primero Mining Corp. (PPP), New Gold, Inc. (NGD), Royal Gold, Inc. (RGLD), Agnico-Eagle Mines Ltd. (AEM), Yamana Gold, Inc. (AUY), Central GoldTrust (GTU), and Allied Nevada Gold Corp. (ANV) are a few.
Value in the gold industry, though harder to find as the days pass, does still exist. Below are three undervalued gold stocks with over 50% upside that should see a significant climb if gold continues its movement upward...
Read the full article at: http://seekingalpha.com/article/828821-3-gold-stocks-with-over-50-upside